This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
4-bedroom, 2-bathroom apartment of 166 m² on the 1st floor, built in 1961, energy rating D. Located Silves parish, Silves municipality, Faro district. This property features a box garage offering added security and storage, and is ideally situated for easy access to various local amenities and transportation options.
The valuation. The asking price of €330,000 sits €138,419 (29.6%) below the fair value of €468,419, indicating that the property is underpriced relative to market expectations. Buy-to-flip angle. A buy-and-flip strategy could yield significant returns by renovating the apartment to modern standards, aiming for a resale at market value. Buy-to-let angle. With its location near a tourist-heavy region, the property has potential for a long-term rental strategy, attracting steady income despite the current gross yield being estimated at 0%.
Fair value modelled at €468,419 from 6 comparable sales in the area. Asking €330,000 sits €138,419 (29.6%) below — the upside to fair value.
Asking €330,000 versus the Silves, Silves, Faro area baseline of €460,978 (€2,777/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €460,978, adjusted for condition and micro-location, gives a modelled fair value of €468,419 (€2,822/m²), a €138,419 (29.6%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 190961 | Subject | €330,000 | €1,988 | — | 50 | 62 |
| rua Doutor Nobre de Oliveira, 15 | Active | €250,000 | €2,381 | 19.8% | 55 | 63 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 5.2% | 70 | 71 |
| Silves · f469e0 | Active | €295,000 | €3,278 | 64.9% | 68 | 72 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 38.7% | 78 | 67 |
| Median comp | €295,000 | €2,569 | 29.2% | 69 | 69 |
Long-term rental This 4-bed apartment in Silves, priced at €330,000, shows a significant gap of 29.6% from its fair value of €468,419, indicating it is subvalued in the long-term rental market. However, with a yield of 0% and a condition rating of 49/100, it may require substantial renovations before yielding consistent rental income. Short-term vacation rental Positioned in a tourist-heavy region near Lagos, this apartment's pricing suggests a strong opportunity for capturing the short-term vacation rental market, especially given its fair value of €468,419 compared to the listing price. Nevertheless, the apartment's condition and low yield indicate that extensive improvements are necessary to maximize rental potential. Buy-and-hold With a current listing of €330,000 and a fair value of €468,419, this property presents an attractive scenario for a buy-and-hold strategy, highlighting considerable appreciation potential. However, investors should be mindful of the 0% gross yield and the need for upgrades, which could delay profitability in this approach.
Economic Uncertainty The economic stability score of 50/100 indicates potential volatility in the local market, increasing the risk of tenant turnover and potential rent defaults.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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